Saturday, May 1, 2010
EUR-USD Technical Analysis - 01 May 2010
This technical analysis for the EUR-USD pair will be for next week, based on technical indicators position.
Daily Time Frame:
MACD = Down (Maintain short-term bearish trend)
Stochastic = Up (Caused of the temporary upside correction)
Bollinger Band Position = Bottom (Maintain short-term bearish position)
Weekly Time Frame:
MACD = Down (Maintain Intermediate-term bearish trend)
Stochastic = Down (Initiate Continuation Intermediate-term bearish trend)
Bollinger Band Position = Bottom (Maintain Intermediate-term bearish trend)
Monthly Time Frame
MACD = Down (Maintain Long-term bearish trend)
Stochastic = Down (Maintain Long-term bearish trend)
Bollinger Band Position = Between middle and bottom line (Premature bearish movement)
Using technical indicators direction and position analysis above, we can summarize that the EUR-USD market direction favors downtrend again. The long-term target is at 1.2640 based on previous historical low.
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GBP-USD Technical Analysis (35) Technical Indicators (34) Daily Technical Analysis (27) Trade Results (19) AUD-USD Technical Analysis (15) USD-CAD Technical Analysis (12) EUR-JPY Technical Analysis (11) Fundamental Analysis (10) GBP-JPY Technical Analysis (10) Advance (8) Trading Strategy (8) Intermediate (7) The Unpredictable (7) Mindset Training (5) EUR-GBP Technical Analysis (4) Introduction To Forex (4) Market Analysis (4) Trend (4) Chart Patterns (3) GBP-USD Fundamental Analysis (2) USD-JPY Technical Analysis (2) Currency Correlation (1)
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